China Singapore Finance, December 30 (Reporter Li Jinlei) On December 30, the 2021 China Singapore Finance and Economics Annual Conference · Online Cloud Summit was held. The Cloud Summit set up three cloud dialogues and seven keynote speeches.

Local government officials, well-known economists and business people conducted in-depth sharing, exchanges and collisions of ideas around related topics.

　　In the cloud dialogue session, the guests at the conference respectively focused on the topics of "Financial Industry Integrity and Innovation", "The Chief Looks at the Economy", and "High-quality Development in the Greater Bay Area" and shared their views.

How does the financial industry maintain integrity and innovate?

　　Under the requirement of "stability", how can the financial industry support the development of the real economy?

Chen Daofu, deputy director of the Institute of Finance of the Development Research Center of the State Council, said that if financial institutions want to serve small and micro enterprises well, they must balance risks. The core point is to discover the true value of small and micro enterprises. In the process of creating value, risks Can be compensated or even eliminated.

　　"Currently, domestic financial risks tend to converge and are generally controllable." Tian Lihui, director of the Nankai Institute of Financial Development, pointed out that there are currently four financial risks that need to be paid attention to. The first is the potential contagion risk of the international financial crisis.

The second is the risk of the real estate market.

The third is the risk of some small and medium banks.

The fourth is the response to local government debt risks.

　　What kind of contribution should the financial industry make to stabilize the overall situation?

Lu Ting, chief economist of Nomura Securities China, pointed out that it is necessary to clearly understand the trend of China's economic growth and the overall situation of future development, to do a good job in the geographical and industrial layout, seize the dual-carbon opportunities, and deploy new energy and new energy vehicles. Hot industry.

It is necessary to avoid making long-term goals short-term and to assess the situation.

How to stabilize the Chinese economy?

　　The Central Economic Work Conference pointed out that China's current economic development is facing three pressures: demand contraction, supply shock, and expected weakening.

In the face of complex pressures, what should China do?

　　Cheng Shi, chief economist of ICBC International, believes that we should start from two dimensions: one is to make a good combination of punches in the short-term, and the other is to use the killer in the long-term to promote the continuous improvement of all-factor productivity.

The growth momentum of China's economy is in the process of switching, and whether it can continue to advance steadily requires a concerted effort and a combination of macro and micro.

　　Wen Bin, the chief researcher of Minsheng Bank, pointed out that to resolve the current triple pressures, first of all, confidence expectations are very important.

Second, we must solve the supply problem.

Third, stabilizing external demand and expanding domestic demand are the basic points for next year's work. In terms of external demand, it is still necessary to adopt some policies to stabilize foreign trade and stabilize foreign capital to avoid excessive weakening of external demand. At the same time, domestic demand will further tap market potential to increase domestic demand. Play a fundamental role to keep the economy operating within a reasonable range next year.

　　Zong Liang, the chief researcher of the Bank of China Research Institute, said that the Central Economic Work Conference particularly emphasized the insistence on focusing on economic construction. This actually sent a very clear and firm signal to the market that the economy should be placed at the center and efforts should be made. The market plays a decisive role, the government plays a better role in it, and the two are matched.

　　According to Wang Jun, chief economist of Centaline Bank, the core of the three major pressures is demand contraction. Next year's demand contraction may be more prominent in two aspects. One is the continued exposure of real estate risks, which may trigger a continuous decline in real estate investment.

The second is the decline in exports.

It is recommended to maintain a necessary degree of expansion and marginal easing to support the real economy.

How can the Greater Bay Area develop with high quality?

　　To promote the high-quality development of the Greater Bay Area, Zhang Yansheng, the chief researcher of the China International Economic Exchange Center, suggested that three relationships must be handled first.

First, innovation must be the first driving force, talents must be the first resource, and development must be the first priority; the second is to narrow the gap between eastern Guangdong, western Guangdong, northern Guangdong, and the Pearl River Delta; How to construct neighboring industries, neighboring energy and neighboring society.

　　Guo Wanda, executive vice president of the China (Shenzhen) Comprehensive Development Research Institute, also pointed out that we must attach importance to the construction of "three news", namely, new transportation, new technology, and new ports.

Through institutional opening, the rules and standards can be converted to each other, and various elements and resources can be gathered to play the pivotal role of the Greater Bay Area.

　　Chen Guanghan, chief expert of the Guangdong-Hong Kong-Macao Development Institute of Sun Yat-sen University, believes that the core cities of the Greater Bay Area should focus on their leading role in innovation and build an innovative collaborative system.

　　Li Xiaobing, executive director of the Research Center for Taiwan, Hong Kong and Macao Law of Nankai University, pointed out that under the overall situation of national development, the development strategies of Hong Kong and Macao Special Zones and the entire country must be deeply connected.

Ni Wai, an associate researcher of the Hong Kong and Macau Research Center of the Shanghai Academy of Social Sciences, said that we must attach importance to the construction of innovative sources, and focus on the construction of the National Science Center and large scientific devices in the Greater Bay Area, as well as the joint construction and sharing mechanism, to enhance the overall basic research and development and breakthroughs in key technologies.

　　In addition, the special speech sessions of the Online Cloud Summit focused on "Regional Coordinated Development", "Financial Empowerment and Rural Revitalization", "Vaccine R&D and Healthy China", "Digital Economy Innovation and Development", "New Stage of Digitalization", and "New Paths in the Automobile Industry". "Technology helps ensure the health of the people" and other topics.

　　Zhou Huafu, Member of the Party Leadership Group of Zhejiang Provincial Development and Reform Commission and Dean of the Provincial Development and Planning Research Institute, Member of the Party Leadership Group of Zhejiang Provincial Department of Finance, Secretary of the Party Committee and Chairman of Zhejiang Financial Holdings Co., Ltd. Zhang Qicheng, well-known economists Chi Fulin and Li Han, Chief of Sinopharm China Biotech Scientists and Vice President Zhang Yuntao, HSBC China Vice President and Chief Customer Officer Li Feng, Tencent Enterprise WeChat Vice President Lu Qingwei and other business professionals delivered keynote speeches.

　　China News Finance 2021 conference is hosted by China News Service, China News Network, China News Weekly, Guoshi Express, China-Singapore Jingwei, National Development Research Institute of Peking University, China Development Planning Research Institute of Tsinghua University, Chongyang Finance of Renmin University of China The research institute is a think tank support unit.

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